Canadian Natural Resources Limited (CNQ) Shares Bought by Westpac Banking Corp

Westpac Banking Corp lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,761 shares of the oil and gas producer’s stock after acquiring an additional 1,338 shares during the quarter. Westpac Banking Corp’s holdings in Canadian Natural Resources Limited were worth $3,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Canadian Natural Resources Limited by 1.1% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 37,000 shares of the oil and gas producer’s stock valued at $1,067,000 after acquiring an additional 400 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Canadian Natural Resources Limited by 0.3% during the second quarter. Neuberger Berman Group LLC now owns 204,244 shares of the oil and gas producer’s stock valued at $5,890,000 after acquiring an additional 637 shares in the last quarter. AXA raised its holdings in Canadian Natural Resources Limited by 1.0% in the first quarter. AXA now owns 81,868 shares of the oil and gas producer’s stock worth $2,684,000 after purchasing an additional 789 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in Canadian Natural Resources Limited by 3.8% in the first quarter. Atlantic Trust Group LLC now owns 22,195 shares of the oil and gas producer’s stock worth $728,000 after purchasing an additional 814 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. raised its holdings in Canadian Natural Resources Limited by 16.8% in the second quarter. Mraz Amerine & Associates Inc. now owns 10,904 shares of the oil and gas producer’s stock worth $314,000 after purchasing an additional 1,570 shares in the last quarter. Institutional investors own 58.56% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Canadian Natural Resources Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price objective on shares of Canadian Natural Resources Limited in a report on Tuesday, September 5th. Citigroup Inc. downgraded Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and reduced their price target for the company from $40.00 to $33.00 in a report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley upgraded Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 price target for the company in a report on Wednesday, July 19th. Finally, BidaskClub upgraded Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $46.18.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a $0.2212 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.63%. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. Canadian Natural Resources Limited’s dividend payout ratio is presently 86.28%.

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Canadian Natural Resources Limited Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Institutional Ownership by Quarter for Canadian Natural Resources Limited (NYSE:CNQ)

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